PSU-U.TO vs. UCSH-U.TO

Last updated Jul 18, 2026

PSU-U.TO (Purpose US Cash Fund) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both Money Market funds. Both are actively managed. Over the past year, PSU-U.TO returned 3.73% vs 3.72% for UCSH-U.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

PSU-U.TO vs. UCSH-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Purpose US Cash Fund (PSU-U.TO) and Global X USD High Interest Savings ETF (UCSH-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PSU-U.TO having a 1.90% return and UCSH-U.TO slightly lower at 1.82%.

PSU-U.TO

• 1D: 0.04%
• 1M: 0.31%
• 6M: 1.76%
• YTD: 1.90%
• 1Y: 3.73%
• 3Y*: 4.60%
• 5Y*: 3.71%
• 10Y*: 2.25%

UCSH-U.TO

• 1D: 0.02%
• 1M: 0.29%
• 6M: 1.70%
• YTD: 1.82%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSU-U.TO vs. UCSH-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSU-U.TO Purpose US Cash Fund	1.90%	4.16%	4.80%
UCSH-U.TO Global X USD High Interest Savings ETF	1.82%	4.16%	4.73%

Correlation

The correlation between PSU-U.TO and UCSH-U.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.45

Return for Risk

PSU-U.TO vs. UCSH-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSU-U.TO

PSU-U.TO Risk / Return Rank: 100
PSU-U.TO Sharpe Ratio Rank: 100
PSU-U.TO Sortino Ratio Rank: 100
PSU-U.TO Omega Ratio Rank: 100
PSU-U.TO Calmar Ratio Rank: 100
PSU-U.TO Martin Ratio Rank: 100

UCSH-U.TO

UCSH-U.TO Risk / Return Rank: 100
UCSH-U.TO Sharpe Ratio Rank: 100
UCSH-U.TO Sortino Ratio Rank: 100
UCSH-U.TO Omega Ratio Rank: 100
UCSH-U.TO Calmar Ratio Rank: 100
UCSH-U.TO Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSU-U.TO vs. UCSH-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose US Cash Fund (PSU-U.TO) and Global X USD High Interest Savings ETF (UCSH-U.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSU-U.TO	UCSH-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	17.75	12.56	+5.19
Sortino ratio: Return per unit of downside risk	86.61	43.17	+43.44
Omega ratio: Gain probability vs. loss probability	43.12	12.43	+30.69
Calmar ratio: Return relative to maximum drawdown	81.45	93.40	-11.95
Martin ratio: Return relative to average drawdown	736.42	646.11	+90.31

PSU-U.TO vs. UCSH-U.TO - Sharpe Ratio Comparison

The current PSU-U.TO Sharpe Ratio is 17.75, which is higher than the UCSH-U.TO Sharpe Ratio of 12.56. The chart below compares the historical Sharpe Ratios of PSU-U.TO and UCSH-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSU-U.TO vs. UCSH-U.TO - Drawdown Comparison

The maximum PSU-U.TO drawdown since its inception was -0.16%, which is greater than UCSH-U.TO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for PSU-U.TO and UCSH-U.TO.

Drawdown Indicators

	PSU-U.TO	UCSH-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.16%	-0.04%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-0.05%	-0.04%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-0.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-0.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.00%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.01%	0.00%

Volatility

PSU-U.TO vs. UCSH-U.TO - Volatility Comparison

The current volatility for Purpose US Cash Fund (PSU-U.TO) is 0.06%, while Global X USD High Interest Savings ETF (UCSH-U.TO) has a volatility of 0.08%. This indicates that PSU-U.TO experiences smaller price fluctuations and is considered to be less risky than UCSH-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSU-U.TO	UCSH-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	0.08%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.14%	0.19%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	0.30%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	0.31%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	0.31%	-0.05%

Dividends

PSU-U.TO vs. UCSH-U.TO - Dividend Comparison

PSU-U.TO's dividend yield for the trailing twelve months is around 3.68%, which matches UCSH-U.TO's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PSU-U.TO Purpose US Cash Fund	3.68%	4.04%	5.01%	5.22%	1.89%	0.26%	0.55%	2.26%	1.09%
UCSH-U.TO Global X USD High Interest Savings ETF	3.65%	4.04%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSU-U.TO and UCSH-U.TO in my portfolio?

PSU-U.TO and UCSH-U.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PSU-U.TO and UCSH-U.TO?

They also come from different issuers: Purpose Investments and Global X.